The Right to Landed Property.

Manawatu Standard, Volume XI, Issue 1670, 29 March 1886, Page 2

The Right to Landed Property.

(To the Editor of the Woodville^Ee;v n Qm^B ot o rri j Sir, — As I obieryethat you are on ths war-path m the caoseibf «?rL*nd Nationalizaiion 1 ' aa they qsil it,-I beg to brinf tinder yorir* nbti<&*3|^ ihati /©f Jr®w<? readers some such considerations as th* following: — The establishment of th» principle that the right: to property m land m. New Zealand is less indefeasible thati the ijight tqf property of others desr-, criptions 4 tfbuld : be the greatest dflaU^ possible „dißa,Bj:Qi#j;itof this ,Jt it" evident,, that if the Government may take 'Mr Rathbbhe*s property near.iWMpawa, they may also-take Mr Harding'* ;or Mr Sowry's*property near Wpodjdll« r or if we tdiffit ;that\one particialar A clalf of landt-aprgpertyj^j to be ; exeaipt from actual ,cqnfigcati9n tf it%;Talue wpuiaff jfidftf ' the less Be (iepfeciated or Wdeed'altd^t geter' destroyed ; '/fay -interference iwitUr > other classes of landed 'property. Moirt^ gagees would take the alarm, and moneyr i on landed security -would hardly bY obtainable at any price. That would . aooa mean for us a fall of 50 percent^' pr more m, the yalue of both rural 'and town*'land hare. You will sa-r it is no^ in^^ tended to take the land without givinr - *. c fnjr' Vontfpensatidn" for : it. We iw&r what that means. The " fair compjpisan' # tion"f is,' it is understood, to be based q% the property tiix valuation. The'prq!r T perty-taxyaluation is. made once m thfie years, and we know thatat'is not'b^J^ndl ' the bounds of possibility that land m thi» district; if left alohi by the land n4ti6Halizators inay,;at any ftmev'go apilQDi<Q»jr^ cent, m 'a mdnth or two. -This r^sa iat, value is 1 - what these fodlish theorists call : the " unearned increment," and' ig' what they think land owners may fflilfi be despoiled of._^l do not propose to go into tho.questioff whether it is earned or not earned,? bufcfbjßlp weirely ttfdrawypur attention".^ .^efaot— that* w^the \riain thing thjit^nine-teniths Vf vour^^SscSS bers have \o look- to end'theif^stragelwswitli adverse mar|% and to raise them to a position o^-JB§|PQ9dgnce_,and t per* haps, ofef^tnpetSnce. As to .thelimprp» babilit!^ ,^of>: tfie smaller settlers^pa^ interfered with.t that, is opem_to question if the gameS| opce"b*egun. The interests bf the wealcby^"knd influential aAhgensrally wqII l^wedTafter m our lhcorr^dblt ?Par v liMenOltiig the'weak aloni winb \. are m d^angerd^bßing victimisedAHow Miti Joy the way m thig-conntcfion, it irnayl)e asked^ha^n)i v qne haa'thought of imggmffi&Mfti^GfmiiSinmt should jresume possession of the Tamaki block, ■the mopping up; of a- year or two ago by two enterprising M.H-R.'s has limitedjifjnpt.altogether stifled the progjress x 4C -MfhSteverf SlleiiV : interfered with, 'we 'm a y be quite^'suH 'that that will be left alone. — I am, &0., > 7 V* Wn.iaDAM:WrG4KHLB.